Magma Silver Niñobamba Phase 1 Work Program Returns Significant Results Including 14.56g/mt Au and 10.59 oz/mt Ag
Magma Silver Corp. (OTCQB: MAGMF) has announced significant results from its Phase 1 work program at the Niñobamba silver-gold project in Peru. The program has validated and exceeded historical results from previous Newmont Mining Corp. exploration, with notable findings including samples averaging 5.32 g/mt Au and 4.812 oz/mt Ag from four old mine workings.
Key highlights include exceptional samples reaching up to 14.56 g/mt Au and 10.594 oz/mt Ag. The Phase 1 campaign, which involved collecting 75 samples across different zones, showed strong correlation with Newmont's previous findings. The company has already initiated Phase 2 of the work program, focusing on additional sampling, including a two km-long untested silver anomaly on the Randypata property.
The project spans 4,100 hectares across three contiguous properties: Jorimina, Randypata, and Niñobamba Main, with plans for a drill program in Q4.Magma Silver Corp. (OTCQB: MAGMF) ha annunciato risultati significativi dal suo programma di lavoro di Fase 1 presso il progetto Niñobamba silver-gold in Perù. Il programma ha validato e superato i risultati storici dai precedenti rilievi della Newmont Mining Corp., con interessanti reperti tra cui campioni medi di 5.32 g/mt Au e 4.812 oz/mt Ag provenienti da quattro vecchie miniere.
I punti salienti includono campioni eccezionali che raggiungono fino a 14.56 g/mt Au e 10.594 oz/mt Ag. La campagna di Fase 1, che ha comportato la raccolta di 75 campioni in diverse zone, ha mostrato una forte correlazione con i precedenti risultati di Newmont. L'azienda ha già avviato la Fase 2 del programma, concentrandosi su ulteriori campionamenti, incluso un anomalia d'argento non testata di due km sulla proprietà Randypata. Il progetto si estende su 4.100 ettari su tre proprietà contigue: Jorimina, Randypata e Niñobamba Main, con piani per un programma di trivellazioni nel quarto trimestre.
Magma Silver Corp. (OTCQB: MAGMF) ha anunciado resultados significativos de su programa de trabajo de Fase 1 en el proyecto Niñobamba de plata y oro en Perú. El programa ha validado y superado los resultados históricos de exploración de Newmont Mining Corp., con hallazgos notables que incluyen muestras con un promedio de 5.32 g/mt Au y 4.812 oz/mt Ag de cuatro antiguas labores mineras.
Los puntos clave incluyen muestras excepcionales que alcanzan hasta 14.56 g/mt Au y 10.594 oz/mt Ag. La campaña de Fase 1, que involucró la recopilación de 75 muestras en distintas zonas, mostró una fuerte correlación con los hallazgos previos de Newmont. La compañía ya ha iniciado la Fase 2 del programa, enfocándose en muestreos adicionales, incluida una anomalía de plata sin probar de 2 km de longitud en la propiedad Randypata. El proyecto abarca 4,100 hectáreas en tres propiedades contiguas: Jorimina, Randypata y Niñobamba Main, con planes para un programa de perforación en el cuarto trimestre.
Magma Silver Corp. (OTCQB: MAGMF)는 페루의 Niñobamba 은-금 프로젝트에서 1상 작업 프로그램의 중요한 결과를 발표했습니다. 이 프로그램은 역사적 결과를 검증하고 초과 달성했으며, 네 개의 구광산 작업에서 샘플 평균 5.32 g/mt Au 및 4.812 oz/mt Ag를 확인했습니다.
주요 하이라이트로는 최대 14.56 g/mt Au 및 10.594 oz/mt Ag에 달하는 예외적 샘플이 포함됩니다. 75개의 샘플을 여러 구역에서 수집한 1상 캠페인은 뉴몬트의 이전 발견과 강한 상관성을 보였습니다. 회사는 이미 2상에 착수했으며, Randypata 부지의 2km 길이의 미시험 은(銀) 이상 anomaly를 포함하는 추가 샘플링에 집중하고 있습니다. 프로젝트는 세 개의 인접한 부지 Jorimina, Randypata, Niñobamba Main에 걸쳐 4,100헥타르를 차지하고 있으며, 4분기에 시추 프로그램 계획이 있습니다.
Magma Silver Corp. (OTCQB: MAGMF) a annoncé des résultats significatifs de son programme de phase 1 sur le projet Niñobamba d'argent-or au Pérou. Le programme a validé et dépassé les résultats historiques issus des explorations antérieures de Newmont Mining Corp., avec des résultats notables comprenant des échantillons en moyenne de 5,32 g/t Au et 4,812 oz/t Ag issus de quatre anciennes exploitations minières.
Les points forts incluent des échantillons exceptionnels atteignant jusqu'à 14,56 g/t Au et 10,594 oz/t Ag. La campagne de phase 1, qui a consisté à collecter 75 échantillons dans différentes zones, a montré une forte corrélation avec les découvertes précédentes de Newmont. L'entreprise a déjà lancé la phase 2 du programme, axée sur un échantillonnage supplémentaire, y compris une anomalie d'argent non testée de deux kilomètres de long sur la propriété Randypata. Le projet couvre 4 100 hectares répartis sur trois propriétés contiguës : Jorimina, Randypata et Niñobamba Main, avec des plans pour un programme de forage au quatrième trimestre.
Magma Silver Corp. (OTCQB: MAGMF) hat bedeutende Ergebnisse aus dem Phase-1-Arbeitsprogramm beim Niñobamba Silber-Gold-Projekt in Peru angekündigt. Das Programm hat historische Ergebnisse validiert und übertroffen, basierend auf früheren Explorationsarbeiten von Newmont Mining Corp., mit bemerkenswerten Funden, darunter Proben mit einem Durchschnitt von 5,32 g/mt Au und 4,812 oz/mt Ag aus vier alten Minen.
Zu den Highlights gehören außergewöhnliche Proben bis zu 14,56 g/mt Au und 10,594 oz/mt Ag. Die Phase-1-Kampagne, an der die Entnahme von 75 Proben in verschiedenen Zonen beteiligt war, zeigte eine starke Korrelation mit den früheren Befunden von Newmont. Das Unternehmen hat bereits Phase 2 des Arbeitsprogramms eingeleitet, mit Fokus auf zusätzliche Probenahmen, einschließlich einer zwei Kilometer langen ungetesteten Silber-Anomalie auf dem Randypata-Gelände. Das Projekt erstreckt sich über 4.100 Hektar auf drei zusammenhängende Grundstücke: Jorimina, Randypata und Niñobamba Main, mit Plänen für ein Bohrprogramm im Q4.
Magma Silver Corp. (OTCQB: MAGMF) أعلنت عن نتائج مهمة من برنامج العمل للمرحلة 1 في مشروع Niñobamba للفضة والذهب في بيرو. البرنامج قد صدّق وتجاوز النتائج التاريخية من استكشاف نيوالمونت ماينينغ كورب.، مع نتائج بارزة تشمل عينات بمتوسط 5.32 g/mt Au و 4.812 oz/mt Ag من أربع مناجم قديمة.
تشمل النقاط البارزة عينات استثنائية تصل إلى 14.56 g/mt Au و 10.594 oz/mt Ag. حملته للمرحلة 1 التي شملت جمع 75 عينة عبر مناطق مختلفة أظهرت ارتباطاً قوياً مع النتائج السابقة لـ نيو مونت. الشركة بدأت بالفعل المرحلة 2 من برنامج العمل، مع التركيز على أخذ عينات إضافية، بما في ذلك شذوذ فضة غير مختبر بطول 2 كيلومتر على ملكية Randypata. يمتد المشروع على 4,100 هكتار عبر ثلاث ممتلكات متجاورة: Jorimina و Randypata و Niñobamba Main، مع خطط لبرنامج حفر في الربع الرابع.
Magma Silver Corp.（OTCQB：MAGMF）宣布在秘鲁 Niñobamba 银金项目的第一阶段工作计划中取得了显著结果。该计划验证并超越了历史结果，来自 Newmont Mining Corp. 先前的勘探，令人关注的发现包括来自四个旧矿床的样品平均值为5.32 g/mt Au 和 4.812 oz/mt Ag。关键亮点包括达到14.56 g/mt Au 和 10.594 oz/mt Ag的极佳样本。第一阶段共在不同区段采集了75份样品，显示与 Newmont 之前的发现有很强的相关性。公司已启动第二阶段工作，聚焦于进一步取样，包括 Randypata 物业上两公里长且尚未测试的银异常。项目跨越4,100 公顷，涉及三处相邻产区：Jorimina、Randypata 和 Niñobamba Main，计划在第四季度开展钻探计划。
- None.
- Limited drilling data available to date
- Historical economic assessment not compliant with current National Instrument 43-101 requirements
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2025) - Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the "Company" or "Magma") is pleased to provide an update on the Q3 ongoing work program on the Jorimina and Randypata properties on the advanced Niñobamba silver gold project in Peru.
Highlights:
Phase 1 assays have confirmed or exceeded the historical Newmont Mining Corp. ("Newmont") results.
Four old mine workings located immediately north of the Jormina Central project were sampled with 5 samples averaging 5.32 g/mt Au and 4.812 oz/mt Ag. Results ranged from 0.50 g/mt to 14.56 g/mt Au and 0.604 oz/mt Ag to 10.594 oz/mt Ag.
Phase 2 work program commenced this week, with results expected within the next few weeks.
Phase 1 Q3 Work Program Results
The Phase 1 field campaign lasted 10 days. It was conducted by Senior Geologist Edgar Leon (see news release dated July 16, 2025) and Junior Geologist Miller Fernandez, with the support of six community members from the local Tunsulla community. The main goal was to visit the Jorimina Central project (also known as the Red Zone) to collect geochemical samples and structural data on faults, veining, and fracturing. Additional visits were made to the surrounding areas of Jorimina SE, Rafaela, and Red Cliff. Community members from Tunsulla helped rehabilitate and improve access to the visited regions, particularly a road that had been abandoned since Newmont's earlier work.
Seventy-five samples were collected during Phase 1 and analyzed at the independent Mining Lab Services based in Huancayo in South Central Peru. The analysis method was by fire assay, and every tenth sample will be re-assayed at another independent assay lab in Lima, Peru for quality control. The gold and silver sampling results showed good correlation with those obtained previously by Newmont: In Jorimina Central, where the strongest alteration and geophysical chargeability anomaly occur, 50 samples averaged 0.181 g/mt Au and 0.227 oz/mt Ag, with one sample (SA-035) reaching 1.0 g/mt Au.
Four old mine workings located immediately north of the Jormina Central were sampled with 5 samples averaging 5.32 g/mt Au and 4.812 oz/mt Ag. Results ranged from 0.50 g/mt to 14.56 g/mt Au and 0.604 oz/mt Ag to 10.594 oz/mt Ag.
In Jorimina NE, 10 samples averaged 0.135 g/mt Au and 0.0656 oz/mt Ag, with two samples showing 0.20 g/t Au.
In Rafaela, 10 samples averaged 0.21 g/mt Au and 1.1652 oz/mt Ag, with a maximum of 0.4 g/mt Au and 7.0 oz/mt Ag (SA-067).
Stephen Barley, Chairman & CEO of Magma stated,
"The Niñobamba project is comprised of three contiguous properties now controlled by Magma, totalling 4,100 hectares: the Jorimina, Randypata, and the Niñobamba Main. The Q3 work program consists of sampling and additional geological mapping, which is divided into two phases. It is designed to confirm historical results on the Jorimina and Randypata properties and to assist in drill targeting and orientation for a planned drill program in Q4. The Phase 1 results have confirmed the accuracy of the historical Newmont results and, in some instances, have exceeded the earlier results. The Phase 2 work program has commenced this week, and the results are expected within the next few weeks. The Phase 2 program will focus on additional sampling of other property features, including the two km-long untested silver anomaly on the Randypata property. Community engagement has been excellent."
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Jorimina and Randypata Properties - Newmont Mining Corp.
The historical exploration work conducted by Newmont on the Jorimina and Randypata properties consisted of 3,536 rock samples, 2,988 channel samples, ground magnetics, and 4,377 meters (Jorimina) and 3,504 meters (Randypata) of diamond drilling and assays. Results included: Hole JM1: from 53.1 to 125.4 (72.3m) 1.19 g/t gold and from 184.75 to 209.35 (24.6 m) 1.07 g/t of gold. Results and discussion are provided in Newmont's internal report dated January 2010, "Informe Técnico y Geológic Proyecto Niñobamba Mayo - Diciembre 2009". (See news release dated July 23, 2025.)
Newmont conducted more than two years of prospecting and exploration on only the Jorimina and Randypata properties at a total cost of CAD
Newmont prepared an internal report dated August 2011, on the results and conclusions from the exploration work conducted on Jorimina and Randypata. Newmont undertook a fatal flaw analysis and completed metallurgical testing. In this non-reported internal analysis, operating costs that were typically used in the industry at that time were considered in accordance with the scale of exploitation of the project and the type of mineral treatment. A conservative projection of prices for the price of gold and silver (gold: US
Readers are cautioned that the Newmont internal analysis is not compliant with National Instrument 43-101 requirements. The modelling was based on limited drilling and assumptions. The report will assist in guiding Magma on future exploration efforts. Magma's Qualified Person has not verified the Newmont assessment or done sufficient work to classify the historical estimate as current. Magma does not consider the internal report to be a current economic assessment.
Qualified Person
Jeffrey Reeder, P.Geo, a qualified person as defined in National Instrument 43-101 and a Senior Technical Advisor of the Company, has prepared, or supervised the preparation of, and approved the scientific and technical disclosure contained in this news release.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company with a focus on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange ("MGMA"), OTCQB ("MAGMF"), and Frankfurt Exchange ("BC21"), the Company's primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and others, has demonstrated significant resource potential with over C
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, Chairman & CEO
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Jason Baker, CFO & Director
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.'s periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the accuracy of the Newmont internal assessment and the Company's ability to match future results with the Newmont results; (ii) the Company's cost and timing expectations; (iii) the Company will achieve the expected results from the Phase 2 work program on the timing anticipated by management, or at all; (iv) and the check assays being tested confirming with the assay results received. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can't make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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FAQ
What were the key findings from Magma Silver's (MAGMF) Phase 1 work program at Niñobamba?
How large is Magma Silver's Niñobamba project and what properties does it include?
What is the historical significance of Newmont's work on the Magma Silver (MAGMF) property?
What are Magma Silver's (MAGMF) next steps for the Niñobamba project?
How do the Phase 1 results compare to historical Newmont findings at Niñobamba?
